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Wednesday, January 30, 2013

Down with Debt

How would you like $20,000 toward your student loans?

According to CNN Money, the average student loan debt is
$30,000 for graduates of Pennsylvania Universities.

In an effort to encourage students to start saving money and
pay back their student debt faster, MassMutual Financial Group introduced their
new Facebook campaign, “Down with Debt” which will reward one recent graduate with
$20,000 toward their student loans.

"MassMutual
recognizes that new graduates and young professionals in today’s world face big
financial challenges," said Tara Reynolds, MassMutual's corporate vice
president. "As a result, we created 'Down with Debt' to help people learn
about effective ways to conquer their loans and take smart first steps in
building a secure financial future."

MassMutual intends on
using the Facebook campaign as an opportunity to educate a younger demographic
on their monetary future.

As an almost grad this
was a very attractive campaign. I do not know much about
finances; 401 K’s, various CD packages and low-high mutual funds all seem like
a foreign language. So as someone who is always looking for a viable resource
for pretty much everything from Philly’s best restaurants to thrifts stores, this is a great opportunity to get ahead on my finances.